Math Problem Statement

Sales tax is 6% of the price of an article. If the sales tax is $0.36, what is the price of the article? (round to the nearest hundredth)

Solution

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Math Problem Analysis

Mathematical Concepts

Percentages
Algebra
Sales Tax Calculation

Formulas

Sales Tax = Tax Rate × Price
Price = Sales Tax / Tax Rate

Theorems

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Suitable Grade Level

Grades 6-8